Freddie Mac, McLean, Va., predicted a “robust” rental market and strong multifamily volume growth through the end of the year.
Category: News and Trends
Freddie Mac: ‘Robust’ Multifamily Outlook
Freddie Mac, McLean, Va., predicted a “robust” rental market and strong multifamily volume growth through the end of the year.
Freddie Mac: ‘Robust’ Multifamily Outlook
Freddie Mac, McLean, Va., predicted a “robust” rental market and strong multifamily volume growth through the end of the year.
Hotels Metrics Mostly Positive
The hotel sector reported mostly positive metrics but decreased occupancy during the second quarter, STR and CBRE Hotels reported.
Commercial/Multifamily Briefs
Black Knight, Jacksonville, Fla., and Reonomy, New York, announced an agreement to incorporate Black Knight property record data into Reonomy’s commercial real estate platform.
New York Faces Consequences of Rent Control Changes
Multifamily analysts say New York City’s new rent control law could have several unintended consequences.
Global CRE Investment Slowdown Eases
CBRE reported global commercial real estate investment reached $231 billion in the second quarter, up 17 percent from the previous quarter but down 7.5 percent from a year ago.
Apartment Rent Growth Accelerates Despite Deliveries
Multifamily rents grew for the ninth straight month and are now up 3 percent year-over-year, reported Zillow, Seattle.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
New York City, New Jersey Office Rents at Record Highs
Transwestern Commercial Services said office rents in the New York City and New Jersey markets reached record levels in the second quarter, with overall Manhattan rents topping $80 per square foot.
